Acer has announced in an official statement that it expects to complete the purchase of US PC vendor Gateway on October 16th.The news comes just days after it was announced that Gateway had completed the purchase of European PC vendor Packard Bell from its parent company.
The company, in a statement to the New York Stock Exchange, said that it obtained 90 per cent of all remaining shares, now allowing it to forcibly purchase the remainder. It also informed the exchange that Gateway would cease trading on it from that date.
In a separate statement, the company announced it had borrowed $607.2 million from the Citibank Group in order to complete the purchase of Gateway.
Advertisement
Related Stories
- Acer's Olympic partnership Jan 20th 2012 at 11:48AM
- CES 2012: Acer launches 'world's thinnest' ultrabook Jan 9th 2012 at 4:58AM
- Ultrabooks to revive the PC market says Acer Dec 5th 2011 at 5:58AM
- Acer's Bobby Watkins resigns Oct 25th 2011 at 11:27AM
- Ultrabook makers again grumble about Intel CPU pricing Sep 20th 2011 at 7:32AM
- Ex-Acer boss Lanci jumps ship to Lenovo Sep 19th 2011 at 6:56AM
- Acer changes mind on ultrabooks, says 'tablet fever' is on the wane Aug 26th 2011 at 3:20AM
- Acer 'ultrabook' pictures leaked Aug 10th 2011 at 1:42AM
- Tablets and ultrabooks are 'fads' says Acer boss Aug 8th 2011 at 1:05AM
- Acer puts $395m into new cloud push Jul 21st 2011 at 11:06AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!